Panel:  Exclusion Bars Coverage For $1.4M Judgment Against Attorney Acting As Trustee

Mealey's (March 25, 2020, 1:19 PM EDT) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals on March 24 affirmed a lower federal court’s finding that a lawyers professional liability insurance policy’s negligent supervision exclusion bars coverage for a $1,382,653 judgment arising from an attorney insured’s breach of fiduciary duty as a trustee for his management of trust assets (ALPS Property & Casualty Insurance Co., et al v. Ivan L. Higgerson Sr., et al., No. 18-2245, 4th Cir.)....